Findhorn Press Limited - Limited company - abbreviated

REGISTERED NUMBER: SC185171 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Findhorn Press Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T J P Bogliolo

REGISTERED OFFICE:

117 - 121 High Street

Forres

Moray

IV36 1AB

REGISTERED NUMBER:

SC185171 (Scotland)

ACCOUNTANTS:

Braywood Ltd

35 Station Approach

West Byfleet

Surrey

KT14 6NF

FIXED ASSETS

Intangible assets

2

53,334

66,667

Tangible assets

3

2,366

3,496

55,700

70,163

CURRENT ASSETS

Stocks

251,871

218,737

Debtors

300,300

248,160

Cash at bank and in hand

40,442

121,506

592,613

588,403

CREDITORS

Amounts falling due within one year

401,723

374,297

NET CURRENT ASSETS

190,890

214,106

TOTAL ASSETS LESS CURRENT
LIABILITIES

246,590

284,269

CAPITAL AND RESERVES

Called up share capital

4

360

Share premium

277,496

Profit and loss account

(31,266

)

6,413

SHAREHOLDERS' FUNDS

246,590

284,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2014 and were signed by:

T J P Bogliolo - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director expects that trading over the next twelve months will generate positive cash flows and has therefore

continued to adopt the going concern basis of preparing the financial statements.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover includes sales and royalty income, all arising on ordinary activities.

Turnover relating to the sales of books, music, videos and similar items is recognised on net sales of goods,

excluding value added tax.

Turnover relating to royalty income is recognised on net receipts, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1994, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

226,269

AMORTISATION

At 1 July 2013

159,602

Amortisation for year

13,333

At 30 June 2014

172,935

NET BOOK VALUE

At 30 June 2014

53,334

At 30 June 2013

66,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

6,393

DEPRECIATION

At 1 July 2013

2,897

Charge for year

1,130

At 30 June 2014

4,027

NET BOOK VALUE

At 30 June 2014

2,366

At 30 June 2013

3,496

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

360

Ordinary

£1

360

Findhorn Press Limited - Limited company - abbreviated - 11.6

Findhorn Press Limited - Limited company - abbreviated - 11.6